March 13, 2019 — Fenix Parts, Goldy Metals, and Kenneth Gold announced the closing of a transaction pursuant to which Fenix sold its Canadian subsidiaries and their operations to Goldy for an undisclosed purchase price.
The Canadian operations in Ontario, Canada will continue under Goldy ownership and will operate as Standard Auto Wreckers. Fenix, a recycler and reseller of OEM automotive products operated by a group of auto industry veterans, retains its existing business in the United States.
“We are excited to have this opportunity to return to running a business that we love. We wish the Fenix organization success as well,” said Kenneth Gold, the chief executive officer of Goldy.